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is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
in the first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
's move to issue number one here in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at t
? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that provides opportunity and jobs. mitt romney and i will not duck the tough issues. we will not blame others for the next four years. we will take responsibility. we will not try to replace our founding principles. we will reapply our founding principles. the choice is clear. the choice rests with you. we ask you for your vote. thank you. >> thank you both again. thank you very much. this concludes the vice- presidential debate. please tune in next tuesday for the second presidential debate in new york. i do hope all of you go to the polls. have a good evening. [applause] [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] [applause] , livem tonight's debate reaction for the next hour. it is just past 1:00 eastern time in the morning. we are taking your tweets. you can join us on facebook. we will get to your calls in a couple of minutes. [applause] >> as the vice president the parts, along with paul ryan and their
of the u.s. housing market. coming up, a discussion on the economy and campaign 2012. the u.s. chamber of commerce and business roundtable. they look at what they see as the most important business issues this election cycle. you can see it live, starting at 8:30 eastern, on c-span 2. today, a look at the obama administration's aid to the auto industry. the former lead adviser on the auto industry will be live, starting at 9:00 a.m. eastern, on c-span 3. this month, as the presidential candidates meet for debate, we are asking middle and high school students to send a message to the presidency. students will answer the question, what is the most important issue the president should consider in 2013? there is a grand prize of $25,000. -- $5,000. for complete details and rules, go online to studentcam.org. >> in a foreign-policy speech, mr. khamenei said that president obama is a passive in the middle east chris it is time to change course in the regent. -- region. foreign policy will be the focus of the third presidential debate on october 22nd. this is 30 minutes. congressman goodlatte
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
economy. we'll also be the first to have yum brand results coming up. another key indicator of where this economy and market may be headed. here's where we stand now. a selloff this morning with the dow down 79 points. just kind of bumping along the bottom of the day, now at 13,506. the nasdaq is down 37 points. all these charts will look similar today. 1.2% down on the nasdaq. the s&p is down nine points at 1446. >> it's not a very happy anniversary today for the dow's all-time high. it was five years ago today the dow and s&p 500 hit their all-time closing highs. right now the dow is about 600 points away from that high-water mark. for the year, stocks are still up a solid 15%. why does it feel like it's the most hated bull market in recent memory? the numbers show that main street investors are not on the ride. they have been pulling money out of the stock mutual funds 15 of the last 16 months, putting cash into so-called safer assets, bill. we know that to be bonds. >> yes, we do. in today's "closing bell" exchange, we have larry blazer, peter bookbar, bob, and rick santelli stan
to create a new american economy, or one where advertisers work to keep your torn up and upset all the time to convince you the government is the source of all evil and mess up a two-car parade. the choice is believing that we are better off when we work for shared prosperity because too much inequality is a severe con strainlt on economic growth for everybody else. so should we work for shared prosperity or trickled down economics? this is the clear choice. it's a clear choice between president obama and governor romney. between shelly berkeley and her opponent. defeat steven, jon, and their opponents. they're not bad people and i'm new york city not trying to get you -- i'm not trying to get you torn up and upset. i'm telling you the truth. this is what is going to happen. if you really -- if you want north korea come back, quicker, stronger, broader, deeper, more modern, more relevant to the future, if you want to rebuild the 21st century american middle class and just as important give poor people a ladder in to it, you have to make the right choice. [applause] at nevada, look at the cr
the global economy is critical. europe is our largest export market, and it is in a slow decline that will go on for some time. china finds europe as their largest export market. we have an extraordinary relationship with china, with our exports. all of this is under challenge. the fundamental issue is to understand if we get rid of uncertainty, if we step up in a clear way and decide what we're going to do about our unemployment by using energy, by expanding tourism, by working hard to change our regulatory system, and if we face the fundamental realities, we can fix this. we only need one thing. we need leadership in the white house and congress. we need leadership in the business community. >> can this come significantly down? >> you asked if this is the new normal. >> that is the choice americans are going to make on election day. i think most americans would say no. the american spirit is alive and well. that will help us grow the economy. but you have to look at some fundamentals. for manufacturers it is more expensive than any other country in the world. that is after you take out the
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
and tensions with iran over nuclear program and the israeli economy. and penske media buying "variety." covering hollywood for more than 100 years and still considered a top industry source. they said they would put it up for sale. the news headlines on the fox business network. lori: inside trading kingpin rajaratnam should follow the example of a lesser-known figure indicate and fled the country. charlie gasparino has the details on the lone fugitive in a massive crackdown on insider trading. >> do you know who he is? he was a moody's analyst, he passed on a tip to the main sort of cooperator in the rajaratnam case. about the pending merger, excuse me, acquisition of hilton hotels. then turned that around and pass it on to raj. when we indicators against raj rajaratnam. whhe was charged for this actio. fled the country, went back to india, nowhere to be found, they cannot extradite him, not trying to extradite him, he is the lone fugitive in this case. rajaratnam has gone publicly and said if i thought i was guilty, could have went to india or my native sri lanka. because they have
the inevitable ups and downs of incoming data, it appears the economy is growing at such a pace that absent policy action, progress, and reducing unemployment will likely be so for some time. in the meantime inflation is subdued, running at or below our long-run objective of 2%, while longer run inflation expectations remain well anchored. the federal funds rate were 3%, we would have in my view an open and shut case for lowering it. the complication, of course, is that the funds is at its lower bound which means we can't turn that dial further. we have to use unconventional tools such as land guidance about the future path of the funds rate. with respect to lsaps, my belief, this echos the views that chairman bernanke expressed at jackson hole, is that prior rounds of lsaps have placed a significant role in supporting activity and in preventing a worrisome undershoot of our inflation objective. the case is especially strong with respect to the first round of lsaps which was a very potent piece of policy action that helped to bring the economy back from the brink in 2009. however, we now fa
here in the hall tonight and from online have to do with the american economy and, in fact, with global economic conditions. i understand that you flipped a coin. and, senator obama, you will begin tonight. and we're going to have our first question from over here in section a from alan schaefer. alan? >> with the economy on the downturn and retired and older citizens and workers losing their incomes, what's the fastest, most positive solution to bail these people out of the economic ruin? >> well, alan, thank you very much for the question. i want to first, obviously, thank belmont university, tom, thank you, and to all of you who are participating tonight and those of you who sent e-mail questions in. i think everybody knows now we are in the worst financial crisis since the great depression. and a lot of you, i think, are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college. and i believe this is a final verdict on the failed economic policies of the last eight years, strongly promoted by president bush and su
our economy forward, as he has for 31 straight months. and 44-month low in the unemployment rate. you know what is really shocking is that you have republicans, colleagues of mine, mitt romney, reince priebus, disappointed to continue the football analogy. they were rooting for a fumble and it's unbelievable that they are disappointed that we have a 44-month low in the unemployment rate. the american enterprise institute said that anyone talks about cooking the books is living in crazy town. so i guess chairman priebeus and other republicans either are dwelling there or simply rooting for failure. we need to continue to move our economy forward. >> shannon: the same grandpa, aei, said that under the president's plan, taxes would go up by $4,000 are they right? >> the tax policy center, which made up of economists from the bush administration and as well as the clinton administration, their asis says when it comes to mitt romney's and paul ryan's budget plan, it would cost $2,000 to pay for tax breaks for millionaires and billionaires, it turns medicare into a voucher system. that's on
's mostly about the economy. >> i'm going to agree with jonathan here. this is an election certainly about the economy. when they go into the voting booths on voting day, it's about the economy. i think romney has the opportunity here and needs to take it. to link obama's economic policies with his foreign policies, i don't think he should go after romney on the philosophical differences between his foreign policy and obama's. frankly, it's hard to figure out what obama's foreign policy philosophy is. he needs to talk about broken promises and incompetent and link the broken promises and incompetent and the foreign policy to those in the economic policy. i thought the speech today was good. it gave the right and his supporters some red meat. they like to hear things like leading from behind and all of that, but i hope he saves up some ammo for the foreign policy debate and lays out an argument we've talked about of criticizing obama's foreign policy from the left. what do you think about that, john that? >> i think there are places where that's do y-able where yo can criticize it from the
the pipeline will pose to over 200,000 people, and is also about the economy, reducing cost of energy we [indiscernible] all of the infrastructure of potential benefits. there is no benefit for the people of puerto rico. economically speaking. >> an east texas, activists protesting the construction of the keystone xl will pipeline are continuing their attempts to block tree clearing efforts for a third week amidst reported crackdowns on journalists. two reporters embedded with the activists were arrested and held overnight before charges against them were dropped. activists say transcanada, the company behind oil pipeline, is paying local police to provide security. two journalists from the new york times were held in handcuffs before being released. activists with the tar sands blockade say or attempting to protect the environment and local water supplies from toxic tar sands oil. a portland, oregon activist has been remanded into federal custody for refusing to testify before a grand jury about fellow activists in the pacific northwest. leah-lynn plant is the third activist in the regi
think algerians would focus on surviving in the informal economy, but algeria will effectively return to the it is status quo. it'll be this big, glaring absence in north africa. the largest country in africa disengages from the international community, solutions to the instability that dr. zoubir mentioned, solutions to the instability in sir car or northern -- syria or northern mali. what would make this all the more glaring is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of
you have a job. >> jamie: given the economy is such a key issue, doug, i want to look forward to the first vice-presidential debate. without a doubt, paul ryan is a numbers guy and democrats have not even gotten a budget passed. not to mention the fact that vice-president biden is seen as making gaffe after gaffe when it comes to whether or not the last four years have been crushing for the middle class, he's had to backtrack on a couple of statements, i can't go through them all we don't have time. >> we don't have time right now. >> jamie: but what about that vice-presidential debate and what kind of difference it can make to people's thoughts about their pocket books? >> the real question that the democrats will press and certainly joe biden will press is does paul ryan and his plan for the budget represent the romney plan? we don't know. is it turning medicare into a voucher system? medicaid into a block grant? >> why does it matter, doug, as long as it makes sense? >> i'm sorry? >> why would it matter if it's also governor romney's specific plan and-- >> because that woul
'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting the decline in monetary velocity. if they hadn't done this, but -- >> you're not fooling corporations, though. there's no capital formation. that's why no one is hired. the male participation rate in the labor force is the lowest since 1948. >> would it be high fehr the federal reserve -- >> yes. absolutely. >> we had a strong dollar since the plaza accord in '85. >> well, look aat athe job -- >> thank ronald rea
country, and that is jobs in the economy. congressman murphy doesn't have a plan. yes not put a plan fourth to address these issues. you can look online and see exactly what i plan to do. they now have a track record of creating jobs and adding to the economy and they know i'm going to take that skill set to washington in a congress where we have so few business people who come from the private sector. blacks why can't the press come along and monitor this -- >> why can't the press, along and monitor this question are >> the press does come along. >> this campaign is about the people of the state of connecticut. i ran into a guy just a couple of weeks ago, and out of work painter and he wants to know the differences between linda and i between how we're going to put him back on the job. they're big differences. when the's plan is focused on giving herself a $7 million tax cut and hoping that trickles down to people who need help. my plan is focused on investing in the people of this state and funding our schools and building roads and bridges and we recognize the strength of our nati
know that he cares about women and he cares about making the economy good for women and he cares that these past four years have been the most difficult on women. more women have become unemployed than men in the last four years. you also know that more women have fallen into poverty in the last four years. i know that we need to have women out there understand at thatmitt is a person cares and will work harder than anyone, that will be there, and he will not fail. host: the question is whether political spouses affect your vote. kathy in fort worth, texas, republican line. caller: good morning. my name is actually jackie. i am a mother. i'm not wealthy or educated. i went to high school. i have three sons and two grandchildren. i think it's wonderful to hear their spouse talk about them. it makes me see a different perspective in their personal lives. so i think it's good. host: what is it in particular that you like hearing from the wives of the candidates? is it their personal stories? is it them talking about their families or their professional experiences? caller: i think i
thing congress can do that would stimulate job growth or lift the overall economy? boswell: right now we are an agriculture stated we are much more. we are certainly in agriculture state and we don't have a farm bill. it comes up every five years and it's very important to iowa and all of the crop bearing fire for producing states in the middle was an across the country. we have to have a farm bill and there have been political posturing. the speaker -- mr. latham's best friend i'm told. persuade him and bring them to the floor and let's have a discussion and do whatever amendment is going to do to take it to conference and get it done. >> moderator: congressman latham and congressman boswell the farm bill is the most important thing to stimulate job growth. latham: i have done everything possible to try to bring that tilted the floor. i have spoken out against leadership and i totally disagree with him but when you look kevin ag jobs, getting this economy going and has igoa rand and listening to constituents, small-business people, large business people, it doesn't matter. bavarian cert
cacacacacacaaac >> ceo jamie dimon spoke about the global economy and foreign relations today as part of their ceo speaker series. it is virtually assured that bond markets would project the rest out of congress could not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome.
the ayatollah sees. he sees his economy being crippled. the ayatollah sees 50% less exports of oil, he sees his economy going in a freefall, and he sees the world totally united in opposition to him getting a nuclear weapon. the president has met with netenyahu a dozen times. i was in -- just before he went to the un i was in a conference call with the president -- with him talking to netenyahu for well over an hour and stark relief of what was going on. this is a bunch of stuff -- >> what does that mean? >> biden: it means it is simply inaccurate. >> ryan: it is irish. >> biden: it is. the secretary of defense has made it -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what netenyahu held up there was when they get to the point where they can enrich uranium enough to put it into a weapon. they don't have enough to put it into a weapon. iran is more isolated today than when we took office. sit totally's a littled -- [overlapping speakers] >> ryan: thank heavens we had these sanctions in place. it is in spite of their opposition --
start, i want to thank the mayor for your endorsement and support. thank you both for coming. economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is to come and put the money in the communities. i went down there today and he did not say, thank you for coming. please take this money and bring it back to washington. he said, go back to washington and tell them they need a reality check. we are tired of the overspending and the taxing and taking more money out of the economy. there are real challenges here. i used to live here. i worked and i lived over there. i understand. many businesses are hurting right now. regulatory tax uncertainty is
for the economy. if you love it, that's all that matters. matters. thank you for joining, everyone. >>> tonight, game on. the new mitt romney now in the lead. a confident candidate, a major speech. >> i know the president hopes for a safer, freer and more prosperous middle east but hope is not a strategy. >> plus, neck and neck. sometimes it is about the horse race. to the man who arguably knows more than anyone about what the numbers in this race mean, nate silver. and battleground america. is romney gaining ground with female voters? women on the left and right go toe to toe. also, worldwide exclusive. what you haven't heard about the man who shot trayvon martin, the first television interview with george zimmerman's mother. why he says there's more to the story. >> he said you will die tomorrow. i grabbed my firearm and shot him. >> this is "piers morgan tonight." >>> good evening. with just 29 days to go until the election, our big story tonight, mitt romney takes that post-debate bounce and boy, does he run with it. the latest pew poll conducted after last week's debate puts romney firmly
-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank our sponsors at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the
on taxes, the economy, foreign policy, if you like. share portions of the debate with those in your community. you are welcome to do that on c- span.org and book for our debate held. tomorrow, the candidates are on the campaign trail. vice president biden with joe biden will be in wisconsin at 2:45 eastern time. paul ryan will be with mitt romney in lancaster, ohio, at 5:40 p.m. both of them will be airing on c-span. right now, it is time for us to play, in its entirety, tonight's presidential visit vice- presidential debate in kentucky. -- tonight's vice presidential debate in kentucky. i am martha raddatz. i am honored to moderate this debate between the two men who have dedicated much of their lives to public service. it is divided between domestic and foreign policy issues. i will move back and forth between foreign and domestic. we will have nine different segments. at the beginning of each segment, i will ask both candidates a question and they will each have two minutes to answer. i will encourage discussion between the candidate with follow-up question. it has been determine
with their fairs, so we can develop geothermal energy and boost our economy. and the way we're going to go about doing it is public/private partnerships with local input and authority so that we can come together and stop this bickering and attack talk and all this other stuff that congresswoman bono mack is so adept at and skilled, but really come up with some problem-solving solutions. and that's what's missing in congress, and that's what's missing in congresswoman bono mack. >> all right, thank you, dr. ruiz. congresswoman, you have one minute. >> thank you. first of all, let me go to this constant bickering that i'm hearing about bickering. you have done nothing, dr. ruiz, at all to take responsibility. you haven't even had a plan for the sea until now that it's been asked of you. clearly you don't understand the complexities of the sea. i would love to know what your thoughts are on the quantification settlement agreement. how do we take control from the state of california? this is what it's all about, dr. ruiz. i and others, including partners like senator feinstein, senator denise due c
play it. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every syllable or consonant. mitt romney, does he have more latitude or is he under the same microscope over seize? >> he is not under the same microscope. some of the things he's said in the past before that comment about spain, for instance, about the palestinians and how israelis are somehow implying culturally business minded where as the palestinians are not and some of the things he said regarding russia, for instance, that it is america's number one geopolitical foe, and those have been framed in the foreign press and other countries outside of the united states as gaffes by someone who is not experienced in f
into the economy. about $150 a week more for white womenton average, for women of color somewhere between $250 and $350. and it would be injected into the economy. we are going to spend it and it is going to create jobs. so wherever we look, i think we see what's at stake because, of course, the folks that would have to pay that equal pay don't want to pay it. women are in the world at large are the single greatest source of cheap labor and unpaid labor and that is a source of rstens, right. and we are also the means of reproduction. hello, if we were not the means of reproduction, we would be fine because it is necessary to nationalism, there are only two pill lars of nationalism, controlling territory and population. it is necessary for our means and cheap labor, it is necessary to control reproduction in order to perp wait racial divisions and class divisions and eth nick divisions. you have to isolate the support women so they maintain the purity of some group and exploit the women who are supposedly not the support women in order to create cheap labor. i'm sure that we were all having hea
that used to be. bill: republican nominee continues to press on this issue, that's the economy. >> can we afford four more years like the last four years? he wants another stimulus. how did that first one work out? and then, he wants to pick winners and losers among companies, or losers in his case and then, of course he wants to hire more government workers. look, all of these things have not ignited our economy the way it should be ignited. we've seen the slowest recovery from a recession. bill: john roberts traveling with the campaign. live in vanmeter, iowa, that is west of des moines. what is happening there, john? >> reporter: good morning. governor romney will be talking agriculture today. not surprisingly we're on a 700 acre farm owned by the cook family. a lot of soybeans and corn here. we're in madison county. governor romney won this in the caucuses by the way. he will argue the president's policies things like estate taxes, climate change, environmental regulations, energy policy are hurting farmers. he continues to go after the president on issue of jobs of the even though th
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net-jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply ciders, the level of the top rate does not by itself dictate what happens to g.d.p. but a balanced budget aided by increased revenues just might restore confidence to investors and jump start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since the
they provided points and issues on zingers and economy and debate decorum. >> mr. vice president, i know you're under a lot of duress to make up for lost ground but i think people would be better served if we don't keep interrupting each other. >> with regard to social security, we will not, we will not privatize it. if we listened to governor romney and congressman during the bush years, man where all those seniors would be now if there money had been in the market. their ideas are old and their ideas are bad and they eliminate the guaranty of medicare. >> here he is the problem. they got caught with their hands in the cookie jar turning medicare into a piggybank for obamacare. >> usually when there is a crisis we pull together. we pull together as a nation. as i said, even before we knew what happened to the ambassador the governor was holding a press conference, was holding a press conference. that is not presidential leadership. >> this is becoming more troubling by the day. they first blamed a youtube video. now trying to blame the rome rom ticket for making this an issue. with you shou
and they are talking about the many roadblocks as they see it to getting our economy back on track. dagen: peter barnes is in d.c. with a whole lot more. hey peter. peter: hey guys a football metaphor from the quarterback of the business roundtable this morning referring to the nfl lockout of professional referees that was resolved a couple of weeks ago, he joined the heads of the u.s. chamber of commerce, the national manufacturers association, and the national retail federation in calling on congress to reduce uncertainty in government policy to help create the confidence businesses large and small need to invest and hire. and with the clock running down, they urged congress and the white house to get moving on fixing the fiscal cliff. >> you really don't even have a tax code in the country today. this is for large business, medium sized business, mom and pop, the individual entrepreneur, what are the rules? i mean it is like we're playing with the replacement referees in the irs. peter: tom donahue of the u.s. chamber said nothing is going to happen until november 7th. first got to see who wins on n
because it is when the middle class is growing that the economy grows and everybody does well. much as the focus on corporate america. >> i think the commission also. it is a privilege to be here and speak with americans. a good barometer here to see if this was a good time are a bad time in america's economy -- go to a kids' soccer game on saturday and turn any parent on the sideline and say how are you feeling about the economy and i bet you you will hear some fear in that parents voice. fear regarding the few investments that some of us have in the stock market. did we just take a major hit with those investments? fear about how will we afford to send our kids to college. a fear as small-business owners on how we will bar any made to increase inventory or hire more people. the barometer will be resoundingly that our economy is hurting and the federal government has not provided the sound oversight that we need and that we deserve and we need reform to that end. john mccain, thankfully, has been one representing reform could two years ago, john mccain was the one who pushed so har
the united states economy. the price and economic impact would be much greater if these occurred. we hope that this paper which is a departure from the focus of most papers on the consequences of a nuclear iran or a nuclear capable iran will trigger a new discussion and enable an expanded debate on the topic. i would like to introduce michael, the foreign policy director of the bpc, a former oil analyst to boot. he directed this effort and will review some of the key findings. he will introduce our very distinguished panel. mike. >> thank you, senator. thank you everyone for coming. as the senator said, the purpose of this report is really to trigger a debate. we are not suggesting that we have all of the answers, but we wanted to introduce a new dimension to the debate about iran about preventing a nuclear iran. we are not -- focusing on the economics, we are not suggesting the economic issues should drive united states policy one way or another. but it has definitely come up in the debate. it has been raised, certainly in terms of let us say about the impact on sanctions and military, s
this administration-- >> let me tell you what the itoll as, the ayatollah sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil. he sees the currency going into the tank. he sees the economy going in a free-fall, and he sees the world for the first time totally united in opposition to him getting a nuclear weapon. now with regard to bb he's been my friend for 39 years. the president has met with bb as much as he's spoken to anybody. just before he went to the u.n. i was in a conference call with the president-- with him talking to bb for well over an hour. and-- and-- in stark relieve, in detail of what was going on. this is a bunch of stuff. look, here's the deal-- >> what does that mean it's of a bunch of stuff. >> it's irish. >> it is. we irish call it malarkey. >> thanks for the translation. >> the irish call it malarkey. last thing, the secretary of defense has made it absolutely clear-- he didn't walk anything back. we will not allow the iranians to get a nuclear weapon. what bb held up there was when they get to the point where they can enrich urani
. he was quoted as saying that he thought the economy was performing at near full potential. now, first of all, when we decide that 1.5% growth is near full potential, we are in terrible trouble. and i would say geithner suffers from an amazing lack of ambition for this economy. i actually think that's what's wrong with the entire obama administration, they have a lack of ambition for this country and what it can and should do. but i would also say if he believes that, that tim geithner believes that a public sector job is equivalent to a private sector job. it's not that public sector jobs aren't important. teachers are important, firemen are important, nurses are important. but a public sector job doesn't pay for itself. taxpayers pay for it. a public sector job doesn't create other jobs. a private sector job pays for itself and creates other jobs. i frankly found his statement shocking. both because of its lack of ambition and because of its misunderstanding of what actually drives growth. it's not public sector jobs. >> let me ask you this, under reagan's recovery, were we laying of
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